New York State Common Retirement Fund Boosts Position in Perdoceo Education Co. (NASDAQ:PRDO)

New York State Common Retirement Fund boosted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 20.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 139,669 shares of the company’s stock after buying an additional 23,609 shares during the period. New York State Common Retirement Fund’s holdings in Perdoceo Education were worth $2,453,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Perdoceo Education during the fourth quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new stake in Perdoceo Education during the 4th quarter valued at $26,000. Commons Capital LLC purchased a new stake in Perdoceo Education during the 4th quarter worth $193,000. Fox Run Management L.L.C. acquired a new position in Perdoceo Education in the 3rd quarter worth $208,000. Finally, Diversified Trust Co purchased a new position in Perdoceo Education in the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $23.92 on Wednesday. The firm has a market cap of $1.57 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.73 and a beta of 0.93. The firm has a fifty day moving average of $18.17 and a two-hundred day moving average of $17.83. Perdoceo Education Co. has a 1-year low of $11.62 and a 1-year high of $24.66.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The business had revenue of $168.30 million during the quarter, compared to the consensus estimate of $163.30 million. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, sell-side analysts expect that Perdoceo Education Co. will post 2.21 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 31st. Perdoceo Education’s dividend payout ratio (DPR) is presently 19.38%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRDO. Barrington Research boosted their price target on Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

Insider Buying and Selling at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total value of $282,400.00. Following the sale, the chief executive officer now directly owns 681,367 shares of the company’s stock, valued at $12,026,127.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the sale, the chief financial officer now owns 226,234 shares in the company, valued at $4,298,446. The disclosure for this sale can be found here. Insiders sold a total of 75,412 shares of company stock worth $1,342,428 over the last 90 days. Insiders own 1.81% of the company’s stock.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.